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LA County court: Massive layoffs
Squeezed by state budgets cutbacks, the Los Angeles County court system is launching massive job layoffs, pay cuts and transfers, court officials said.. Cutbacks will affect 431 court employees and 56 courtrooms throughout the nation’s largest superior court system. Presiding Judge Lee Smalley Edmon bemoaned the loss of longtime employees as well as the impact … Continue reading
Asia: Investment banks launch round of job cuts
Investment banks and brokerages across Asia have launched a sweeping round of job cuts as Europe’s debt crisis and China’s economic slowdown bite into the region’s financial activity. Speaking to bankers and other industry sources, Reuters was able to confirm at least 50 people were let go in the past three weeks, a cull that … Continue reading
“Girls in Science” campaign: European Commission Launches Controversial Video
Lipstick, bubbles, and makeup — not exactly the first things that come to mind when discussing science. However, those are all displayed in the European Commission’s controversial video for its “Girls in Science” campaign. The goal of the video is to attract more women to a career in science. According to commission officials, the video … Continue reading
Quality of teaching and research is greatest when faculty are secure in their freedom to inquire, speak, teach and publish
At some point, discussions about the quality of higher education in the U.S. come around to the subject of tenure. And the disagreement could hardly be more stark. Critics of tenure for college professors say it is ruining the education of millions of students. In pursuit of tenure, they say, professors have become experts … Continue reading
Romney: a proponent of outsourcing jobs?
A conveniently timed piece on Mitt Romney in The Washington Post has given Democrats a big chance to label him as a proponent of outsourcing jobs, a line of attack that brings together the economy, a little-known career at a private-equity firm, and China. The thrust of the Post’s reporting is that while Romney ran … Continue reading
UK – £1,500, the cost of filling a vacancy in 2012
The median cost of filling a single vacancy stands at £1,500 in 2012 via What is the typical cost of filling a vacancy in 2012? (XpertHR – Employment Intelligence).
Resolute: Layoffs to come with shutting down paper line at Catawba plant
Resolute Forest Products is shutting down one of four production lines at its Catawba plant. The No. 1 line which makes lightweight coated paper used in magazines and advertising fliers, will shut down June 30. Layoffs will start July 2, said Debbie Johnston, spokeswoman for the company known formerly as Abitibi Bowater. How many people … Continue reading
Pentagon: Automatic cuts could wipe out nearly 1 million jobs
The report, by the National Association of Manufacturers (NAM), is the latest in a growing heap of studies warning of dire economic consequences if policymakers fail to avert about $100 billion in cuts to the Pentagon and nondefense programs next year. Across-the-board budget cuts scheduled to hit the Pentagon in January would eliminate nearly 1 … Continue reading
Sports Illustrated: Layoffs Coming
Job cuts are coming to Sports Illustrated and now we have a rougher idea of how many people are getting cut. It looks like as many as 16 folks could lose their job. Over the next two weeks, SI staffers will have a chance to volunteer for a buyout. If not enough people raise their … Continue reading
Rio+20: No jobs on a dead planet. That said, what after ?
World leaders and business chiefs have accepted there are no jobs on a dead planet, at the end of a three-day environment summit in Rio de Janeiro. Prime Minister Julia Gillard will play a key role in driving reforms agreed to by more than 190 nations at the Rio+20 conference, which comes 20 years after … Continue reading
GM – Brazil: Extending Voluntary Layoffs
The Brazilian unit of General Motors Co. (GM) said Friday that it is prolonging a voluntary layoff program at one factory and expanding the program to a second Brazil factory. GM said in a statement that it will accept volunteers until July 2 at its Sao Jose dos Campos factory to have their contracts bought … Continue reading
The Canadian-Dutch Disease: What the OECD wrote (plus the Figure)
“Thomas Mulcair’s Dutch Disease warning supported by OECD report ” wrote the National Post. What did the OECD actually said : The economy continues to undergo structural adjustments due to these persistent relative price movements since the early 2000s. The export-oriented manufacturing sector had by 2011 shrunk sharply to only 12.6% of total value added, down from … Continue reading
OECD – Canada: Overall productivity has actually fallen since 2002
Canada has weathered the global economic crisis comparatively well but will have to become more productive to sustain its high standard of living, according to OECD’s latest Economic Survey of Canada… The report identifies sluggish productivity growth as the main long-term challenge facing Canada’s economy. Per capita income has increased in recent years, as more people … Continue reading
Eurozone: India and China contributed 95 percent of the jobs created by the BRIC nations
As Eurozone companies fight recession, India and China contributed 95 percent of the jobs created by the BRIC nations after the US, which led the employment generation, according to a recent survey. The number of jobs created by BRIC investors in Europe increased by 8 percent in 2011, with India and China together accounting as … Continue reading
Barclays to cut 600 jobs in India
Barclays India will slash up to 600 positions by March next year as it cuts down on its lending activities, bank sources said. This, however will not translate into an equal number of job losses as some of them will get accommodated within the company, apart from natural attritions over a nine-month period when the … Continue reading
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